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Dec 28, 2012
12/12
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the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium in a matter of minutes and will bring you a statement on the fiscal cliff live. "piles of money" is on the way. ♪ she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all yo
the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium...
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Dec 27, 2012
12/12
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we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or is this the start of a long-term spending halt by consumers? joining us to discuss all of this is retail analyst. we appreciate you being here. we were reporting about this today on the fox business network. one i think it was mastercard spending pulse saying it actually not the fiscal cliff, it was superstorm sandy. >> right. adam: at the end. day are consumers pulling back? doesn't matter if it was the storm or fear they're pulling back, right. >> that was a real good point you made. mastercard said this these numbers were becoming a concern f
we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or...
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why would the fiscal cliff negotiations push mortgage rates down? i thought that was the federal reserve and all the money they're pumping into this economy? >> well, if they do not come to same kind of a conclusion and get us over this cliff the rates will stay down because people need to borrow. i read a thing today that said it is lower, your payment is lower to purchase a home today for $275,000 with 5% down, than it was in 1987 purchasing a home for $170,000. adam:bout are you seeing a correlation between the fiscal cliff and the chaos we've been reporting on for several months and the drop in mortgage rates? different than the way the federal reserve drives down interest rates? >> well they're going to keep the mortgage rates low as an incentive for buyer, period. but we'll see them tick up a little bit towards the middle and end of 2013 because they have to be able to let people boow again. borrowing requirements are so tough right now, there are a lot of people that can't borrow. rates will tick up a little bit and requirements will go down
why would the fiscal cliff negotiations push mortgage rates down? i thought that was the federal reserve and all the money they're pumping into this economy? >> well, if they do not come to same kind of a conclusion and get us over this cliff the rates will stay down because people need to borrow. i read a thing today that said it is lower, your payment is lower to purchase a home today for $275,000 with 5% down, than it was in 1987 purchasing a home for $170,000. adam:bout are you seeing...
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Nov 17, 2012
11/12
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melissa: is it fiscal cliff, even if they come to a deal on the fiscal cliff not like the economy is getting better anytime soon. i see why it would be a disaer if we go over but i think we're in bad shape either way. >> i don't disagree. short term fiscal cliff or tumult in washington creates uncertainty. longer term the policy that will govern where this economy goes. and i think, as you pointed out some of the tax issues if that alone, the policy, as long as you continue down that path of highers taxes higher regulation, more intervention, a lost folks are saying will i want to participate in a game that simply seems rigged? melissa: what would you do from here? a lot of people asked me before the election, if president obama is reelected won't the stock market go up. i said no, absolutely. everyone says it will go down and at is exactly what happened. i want to give them the same sage advice . what do you do? do you buy gold? do you maybe, maybe real estate now is starting to make a lot of sense. prices are very low. terest rates are very low. you have to invest in something you
melissa: is it fiscal cliff, even if they come to a deal on the fiscal cliff not like the economy is getting better anytime soon. i see why it would be a disaer if we go over but i think we're in bad shape either way. >> i don't disagree. short term fiscal cliff or tumult in washington creates uncertainty. longer term the policy that will govern where this economy goes. and i think, as you pointed out some of the tax issues if that alone, the policy, as long as you continue down that path...
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Dec 26, 2012
12/12
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tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn financial and james freeman, assistant editor of "the wall street journal"'s editorial page. james, i will start with you. does the treasury department's statement literally within the last hour we'll hit the debt ceiling deadline on monday, does that add any kind of motivation they need to get their act together in washington? >> i don't know. i think it might just add a little skepticism. you remember when we went through this at 2011. they had various dates, finally months into it in august they said this is the real deadline. knowing
tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn...
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. >> we're not going over the fiscal cliff. melissa: okay. >> because at the end of the day the republicans will have to blink on taxes. the alternative would be for them to say everybody's taxes go up, and that would be a politically unsaleable position. if a recession followed which would be very likely they would get the bag. at the end of the day mr. obama can force the democrats into acting because their own inaction would leave them with responsibility for the next recession. so i think he has got the high ground. melissa: peter morici, my friend, thank you for coming on. we appreciate it. >> you take care. melissa: next up, the clock on the fiscal cliff take ticks away. now that the election is finally over, is it time for let's make a deal? you bet there is. there is no other choice. president obama dials up top congressional leaders telling them now the time to work together. we have top three things to get done to clean up the economic mess. more "money" on the other side of this break. ♪ >> we won't solve the probl
. >> we're not going over the fiscal cliff. melissa: okay. >> because at the end of the day the republicans will have to blink on taxes. the alternative would be for them to say everybody's taxes go up, and that would be a politically unsaleable position. if a recession followed which would be very likely they would get the bag. at the end of the day mr. obama can force the democrats into acting because their own inaction would leave them with responsibility for the next recession....
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Dec 29, 2012
12/12
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the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium in a matter of minutes and will bring you a statement on the fiscal cliff live. "piles of money" is on the way. ♪ adam: we've got a live picture for you of the white house briefing room. president obama is going to make comments about the fiscal cliff at 4: -- 5 len 45 eastern, we'll take them live on the fox business network. >>> auto industry is heading toward the best year since 2007, great news for sure but the fiscal cliff, believe it or not threatens to run the them off the road. heres we details, lauren fix. crew tells me they will give me
the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium...
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Dec 27, 2012
12/12
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the senate convened today for emergency session to deal with the fiscal cliff. the house has announced plans to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 2
the senate convened today for emergency session to deal with the fiscal cliff. the house has announced plans to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very...
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Dec 31, 2012
12/12
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fiscal cliff armageddon. no escaping it. the no escaping it. the country waits for action which could come tonight with a vote in the senate, but nothing, nothing has been scheduled and the house won't be able to act until later this week. joining me now is democratic congressman jason altmire from pennsylvania. sir, we appreciate you being here. i appreciate you will be leaving congress. you will not be able to vote on whatever is finally presented but i'm curious, does the senate deal have the potential if it gets through the senate to pass the house? >> i think it is going to pass the house. as i understand the parameters of the deal, the house i think would get a majority vote, probably substantial majority. i think it will pass the senate. it might still happen not tonight but tomorrow. that would still be the current session of congress. we're not getting a bill to the president tonight just because of the logistics of drafting the bill, presenting it to the senate and bringing it to the house but i think we'll get it done tomorrow. so we
fiscal cliff armageddon. no escaping it. the no escaping it. the country waits for action which could come tonight with a vote in the senate, but nothing, nothing has been scheduled and the house won't be able to act until later this week. joining me now is democratic congressman jason altmire from pennsylvania. sir, we appreciate you being here. i appreciate you will be leaving congress. you will not be able to vote on whatever is finally presented but i'm curious, does the senate deal have...
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Dec 21, 2012
12/12
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liz: number one thing to watch is still the fiscal cliff. we have to, right? house speaker john boehner just left d.c. but should be returning next week. the president is speaking in moments on the topic. we're taking it live. david: you know who will take that. melissa francis who takes it from us live. melissa: we start tonight with breaking news. it has been a tumultuous day in washington. both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with senate democratic leader harry reid who came down here to try to talk with the president with some strategy moving forward to avert the fiscal cliff. we expect the president to say that he still wants to get a deal with republicans to do that. that is still going to be time. however, that they will have to do it after the c
liz: number one thing to watch is still the fiscal cliff. we have to, right? house speaker john boehner just left d.c. but should be returning next week. the president is speaking in moments on the topic. we're taking it live. david: you know who will take that. melissa francis who takes it from us live. melissa: we start tonight with breaking news. it has been a tumultuous day in washington. both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected...
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Aug 22, 2012
08/12
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i don't think it is a fiscal cliff. i think it is really a tax cliff. you have a huge tax increases coming on january 1st, 2013 as glenn hubbard just said. i never heard, sandra, never heard of an economy tax understood prosperity. if you tax people who work and give that money to people who don't work you will get a lot of people not working and that date of january 13th, january 1st, 2013 is dead on. i don't know how they can stop people from trying to adjust their income into and out of 2013, to really make a big difference in the forecast. sandra: so what does the future look like then if these tax hikes do go into effect and spending cuts? do we enter a recession? >> well i think the spending cuts are good. i don't think the spending cuts will hurt the economy frankly. i think it will help it. i think the tax increases are the real killers. i think if they go through we will be in a recession. if we don't act fairly soon, sandra, we'll also be in one. if you know they're going to raise tax rates on january 1st, 201, what do you do today? i mean you
i don't think it is a fiscal cliff. i think it is really a tax cliff. you have a huge tax increases coming on january 1st, 2013 as glenn hubbard just said. i never heard, sandra, never heard of an economy tax understood prosperity. if you tax people who work and give that money to people who don't work you will get a lot of people not working and that date of january 13th, january 1st, 2013 is dead on. i don't know how they can stop people from trying to adjust their income into and out of...
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Dec 10, 2012
12/12
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investors refusing to give up hope on the fiscal cliff. the dow and s&p 500 gained post-election day tumble. the dow climbed 13 points for its fourth straight game. >>> more trouble for once untouchable apple. jeffries cut its price target by 100 bucks down to $480 a share. shares fell by more than half a percent on the news. >>> now on to our top story. tonight is taxes and how hard we are all about to get hit. there are already a trillion in tax increases baked right into the obamacare law and that means upper being in earners will see billions of dollars in tax hikes as it is. for democrats it is not enough. with republican lawmakers backing off the pledge not to raise taxes looks like tax hikes for the wealthy are certainty. joining for more, grover norquist, president of americans for tax reform. thanks so much for joining us. >> absolutely you say a lot of people are missing the fact that obamacare baked in a ton of tax hikes for wealthier americans as it is? >> people talk about the fiscal cliff as if it is one thing. it is three. t
investors refusing to give up hope on the fiscal cliff. the dow and s&p 500 gained post-election day tumble. the dow climbed 13 points for its fourth straight game. >>> more trouble for once untouchable apple. jeffries cut its price target by 100 bucks down to $480 a share. shares fell by more than half a percent on the news. >>> now on to our top story. tonight is taxes and how hard we are all about to get hit. there are already a trillion in tax increases baked right...
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Dec 22, 2012
12/12
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both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with sete democratic leader harryeid who came down here to try to talk with the president with some strategy moving forward to avert the fiscal cliff. we expect the president to say that he still wants to get a deal with republicans to do that. that is still going to be time. however, that they will have to do it after the christmass3 holiday. the president plans, is planning to go to hawaii for christmas with his family. speaker boehner has left town. gone back to ohio. for the holiday. the senate is expected to come back on, on december 27th, the thursday next week, which is the earlit that they would be expected to get back to work on this. melissa? melissa: peter, who's left? sounds like it is a ghost town there
both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with sete democratic leader harryeid who came down here to try to talk with the president with some strategy moving forward to avert the fiscal...
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the 2% is part of the fiscal cliff, sequestration due to the fiscal cliff. melissa: at the same time these doctors at end of the day end up paying higher income tax after what they're making at work is cut. when they get home and the government comes back and takes a bigger bite. >> melissa, your viewers many already faced with this $250,000 or above tax that is going to occur if this isn't solved. i want to point out physicians this is gross figure, many physicians have a lot of expenses hidden in that. they're not making $250,000. the cost of machinery. cost of tests. cost of keeping offices open. every small business has the problem. doctors will get in the position to say wait a minute, i can't afford to take care of those patients. maybe they go to the hospital. melissa: on top of all that the doctors are affected by the health care act's restrictions. >> they will not be able to offer certain technological solutions because insurance won't pay for it. i want to order that test but insurance won't pay. i'm still liable even if i can't order it. obamacar
the 2% is part of the fiscal cliff, sequestration due to the fiscal cliff. melissa: at the same time these doctors at end of the day end up paying higher income tax after what they're making at work is cut. when they get home and the government comes back and takes a bigger bite. >> melissa, your viewers many already faced with this $250,000 or above tax that is going to occur if this isn't solved. i want to point out physicians this is gross figure, many physicians have a lot of expenses...
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. >>> a group of democratic heavyweights one up the president's fiscal cliff plan. forget hitting the rich. alcohol, cigarettes, online gambling, nothing is safe. will the payoff be worth of the pain? we'll debate it. >>> are the salvation army bell ringer jobs only for sexy ladies. one man claims he was fired to make way for beautiful women. is it unfair or good business? even when they say it's not it is always about "money." melissa: all right. first let's take a look at the day's market headlines. you would think the markets would stop getting faked out by the fiscal cliff optimism, would you? but apparently not. that and better than expected data from the service sector sent the dow to a one-month high. >> it was a different story for the nasdaq weighed down by tumbling shares of apple. it had a 6 1/2% decline there and it is the biggest one day loss in four years. fears are growing that the ipad could be losing market share to android based tablets. >>> layoffs music to the ears of citigroup investors. the bank is slashing 11,000 jobs and taking one billion do
. >>> a group of democratic heavyweights one up the president's fiscal cliff plan. forget hitting the rich. alcohol, cigarettes, online gambling, nothing is safe. will the payoff be worth of the pain? we'll debate it. >>> are the salvation army bell ringer jobs only for sexy ladies. one man claims he was fired to make way for beautiful women. is it unfair or good business? even when they say it's not it is always about "money." melissa: all right. first let's take a...
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Dec 14, 2012
12/12
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the fiscal cliff is not far behind. house speaker boehner and president obama met last night to discuss possible solutions for averting disaster but so far nothing. it's clear compromises have to be made but one gop congressman is going out on a huge him. he is ditching grover norquist's tax pledge to back raising revenues. he says it is the conservative thing to do. joining us to explain why, virginia congressman scott regal. thanks for being here, sir. i should point out you told voters before re-election, february or january of this year, you had signed grover norquist's tax pledge and now it no long are made sense. why doesn't it make sense? why did you change your mind? and i can imagine you're feeling lot of heat from colleagues in congress? >> i will be happy to answer that directly but i first want to express our deep condolence to the families who lost a loved one today. the anguish is really unimaginable. now onto this important topic. i did distance myself or remove myself as a signer of the pledge back in fe
the fiscal cliff is not far behind. house speaker boehner and president obama met last night to discuss possible solutions for averting disaster but so far nothing. it's clear compromises have to be made but one gop congressman is going out on a huge him. he is ditching grover norquist's tax pledge to back raising revenues. he says it is the conservative thing to do. joining us to explain why, virginia congressman scott regal. thanks for being here, sir. i should point out you told voters...
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yes, there is finally fiscal cliff deal. now a brand new showdown looms over the debt ceiling. when will the madness end? we'll ask republican senator john barrasso. >>> plus a sperm donor being forced to pay child support. despite his signing away all parental rights before the baby was born. we'll look at money impact on the baby business everywhere. >>> and this picture will self-detruck in 10 seconds. the snap chat picture sharing app takes smartphones by storm. deletes content explicit or otherwise in just seconds after viewing it. or does it? how users could be literal caught with their pants down. we'll explain that one coming up. even when they say it's not it is always about money melissa: let's get right to a developing story right now. moody's rating agency just warning a short time ago that the fiscal cliff deal does not go far enough. moody's warning it will cut the u.s. credit rating without more deficit reduction. the mark sets celebrating today, not worried about tomorrow, a huge rally with the dow skyrocketing 308 points, the biggest one day gain since septembe
yes, there is finally fiscal cliff deal. now a brand new showdown looms over the debt ceiling. when will the madness end? we'll ask republican senator john barrasso. >>> plus a sperm donor being forced to pay child support. despite his signing away all parental rights before the baby was born. we'll look at money impact on the baby business everywhere. >>> and this picture will self-detruck in 10 seconds. the snap chat picture sharing app takes smartphones by storm. deletes...
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Oct 16, 2012
10/12
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the fiscal cliff mean as tax. the other thing, melissa, your costs are going up. because of printing of money, everything we buy costs more. melissa: that's a sneaky one. >> you have basical a negative double play going on. you will have less money in your pocket if the fiscal cliff occurs and costs are going so much more than people really kno melissa: maybe t flipside no one believe we'll go careening off this cliff. they feel politicians could not be possibly this stupid to send us into the position where we have dsaster and future elections. someone will come along and save the day. >> think about at. there is reason for that. w many times even with the budget, we went to the last minute and then there was a vovote. we keep kicking, we'll not say kicking the can. melissa: no. >> what they basically do they continue to delay all this. at some point people think someone will come in and save the day. melissa: will they? >> honestly i think they are. >> rig. >>t the same time you heard jamie dimon saying last week down in d.c. they have a war room they're setting
the fiscal cliff mean as tax. the other thing, melissa, your costs are going up. because of printing of money, everything we buy costs more. melissa: that's a sneaky one. >> you have basical a negative double play going on. you will have less money in your pocket if the fiscal cliff occurs and costs are going so much more than people really kno melissa: maybe t flipside no one believe we'll go careening off this cliff. they feel politicians could not be possibly this stupid to send us...
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Nov 15, 2012
11/12
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if we don't deal with the fiscal cliff the average family wl see $3500 tax increase. and very well could throw us into recession. bottom line is, we need to get the fundamental tax reform, to lower rates across the board, to simplify the code and really modernize the code so american businesses can be competitive. and we could take the tax burden off of families. that will help this economy grow. melissa: yeah. you know it feels like at this point everyone sort of keeps repeating the same thing from their side and we're all talking past each other. is there any way we're coming to a solution here? >> well, speaker boehner will be meeting with the president on friday. and we'll hear some of the basic outlines what is being put on the table at that point in time. we on the ways and means committee will be very actively engaged in working with our chairman, dave camp, to provide good information to the chairman and to speaker boehner about what we want to do with tax reform. bottom line is this. we have to stop this massive tax hike that will hit american families and bu
if we don't deal with the fiscal cliff the average family wl see $3500 tax increase. and very well could throw us into recession. bottom line is, we need to get the fundamental tax reform, to lower rates across the board, to simplify the code and really modernize the code so american businesses can be competitive. and we could take the tax burden off of families. that will help this economy grow. melissa: yeah. you know it feels like at this point everyone sort of keeps repeating the same thing...
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Nov 13, 2012
11/12
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is this the only way to get a deal on the fiscal cliff? one republican lawmaker is here to react. >>> tesla's car wins car of the year. there is rough road ahead for the electric car industry. i will talk about it with tesla founder and ceo, elon musk. >>> drugs guns and murder. the creator of mcafee anti-virus software is on the run in central america. the plot thickens by the minute. we have all the illicit details. even when they say it's not it is always about money melissa: all right. first let's take a look at the day's market headlines. stocks swayed between positive and negative territory. retailers helped fuel a modest rally early on but fiscal cliff and european debt crisis fears ultimately ate away at the gains. those problems haven't gone away. that is big shocker. dow closed down 58 points. >>> head of microsoft's windows software unit suddenly announced he was leaving the company. this is just two weeks after the launch of windows 8. >>> on the flip side home depot shares climbed 4%. the company beat third quarter estimates a
is this the only way to get a deal on the fiscal cliff? one republican lawmaker is here to react. >>> tesla's car wins car of the year. there is rough road ahead for the electric car industry. i will talk about it with tesla founder and ceo, elon musk. >>> drugs guns and murder. the creator of mcafee anti-virus software is on the run in central america. the plot thickens by the minute. we have all the illicit details. even when they say it's not it is always about money...
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Dec 13, 2012
12/12
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they will continue their discussions on the fiscal cliff. and it's look likely we could have some news later this hour, perhaps later in the evening. we're not sure how long the discussion will go. rich, thank you so much for joining us on this. you will be standing by for us this whole hour at the white house who. we'll be getting back to you with any breaking news we have from this meeting. the markets some say are being held hostage by these negotiations. i just counted. 18 days left in this year for these negotiations to come to a conclusion. we shall see. more news on this breaking news let's go to didn'tcratic congressman kurt schrader. thanks for joining us very timely. what do you think as we see speaker boehner coming to the white house to speak with president obama. what do you think will come out of this meeting? >> i hope some progress. as you indicated there has been precious little so far. they want to get the country back on a secure footing and get jobs growing in the country. hopefully they will be able to put together. sand
they will continue their discussions on the fiscal cliff. and it's look likely we could have some news later this hour, perhaps later in the evening. we're not sure how long the discussion will go. rich, thank you so much for joining us on this. you will be standing by for us this whole hour at the white house who. we'll be getting back to you with any breaking news we have from this meeting. the markets some say are being held hostage by these negotiations. i just counted. 18 days left in this...
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issues with facing the fiscal cliff in the long term. uncertainty around taxes in general, at corporate rates, incoherent energy policies. melissa: i know but you're a successful guy. you're not going to roll over and play dead. you're going to get out there and win. i know you. you have a successful business. how are you going to do it? >> no one is going to roll over and play dead today anymore than they did before. i think the issue one is practical and one is philosophical. the practical issue is you have to make your way. if you're facing obamacare and know you have employer mandate and people are going to have another $6.4 billion in burden both in infrastructure on top of business, and we're facing on the franchising side losing about 3.2 million jobs as a result of it, you have to respond. part of that response, i think as we learned in this election is just not the practical matter of fixing these things, but from the business community's perspective, finally responding to the shrill rhetoric coming out of washington and saying
issues with facing the fiscal cliff in the long term. uncertainty around taxes in general, at corporate rates, incoherent energy policies. melissa: i know but you're a successful guy. you're not going to roll over and play dead. you're going to get out there and win. i know you. you have a successful business. how are you going to do it? >> no one is going to roll over and play dead today anymore than they did before. i think the issue one is practical and one is philosophical. the...
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Nov 22, 2012
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melissa: so the fiscal cliff is four days away. what are we to overcome a good deal to avoid it seems taxes are going up. i thought the tea party would save us. wasn't that their rally cry in the first place? to him i is and co-author of the book. why deprive of our public depends on our honor. are you guys going to stop this somehow? >> i think it is something the tea party has put massive amounts of energy into it if you think about it, the democrats fight the republicans, republicans fight the democrats, the tea party has to fight on both fronts. it requires extra amount of strategy and foresight and vision remembering the tea party is really only four years old but has regrouped. the tea party is very committed to getting involved in infiltrating the g.o.p. on the local level, that is all still happening very actively. melissa: it sounds like i'm about to be taxed to death. i could go to bermuda, but that is about it. other than that, it is going to happen. >> some things will happen, but i do think the tea party people who hav
melissa: so the fiscal cliff is four days away. what are we to overcome a good deal to avoid it seems taxes are going up. i thought the tea party would save us. wasn't that their rally cry in the first place? to him i is and co-author of the book. why deprive of our public depends on our honor. are you guys going to stop this somehow? >> i think it is something the tea party has put massive amounts of energy into it if you think about it, the democrats fight the republicans, republicans...
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Dec 20, 2012
12/12
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fiscal cliff talks may be a mess but not ruining the party for investors. u.s. third quarter gdp was revised up to 3.1%. not bad. november existing home seams -- sales hit nice not seen. wall street shares of the nyse euronext skyrocketed 34%. the company is being acquired by rival intercontinental exchange for $3.2 billion in cash and stock. >>> research in motion may be crawling its way out of the abyss. the blackberry maker left for dead earlier this year. now shares are up more than 100% in three months. it also beat third quarter estimates on both the top and bottom lines. shares leaping after hours. >>> we start tonight with the convergence of reality an hollywood. matt damon's new film, "promised land" opens next friday but it is already sparking major controversy in the energy community. critic it is of the film say it casts fracking in a very negative light. they flat-out reject some truths about the process. with california imposing its first fracking regulations only yesterday. is this just hollywood being hollywood or is there an agenda behind this t
fiscal cliff talks may be a mess but not ruining the party for investors. u.s. third quarter gdp was revised up to 3.1%. not bad. november existing home seams -- sales hit nice not seen. wall street shares of the nyse euronext skyrocketed 34%. the company is being acquired by rival intercontinental exchange for $3.2 billion in cash and stock. >>> research in motion may be crawling its way out of the abyss. the blackberry maker left for dead earlier this year. now shares are up more...
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Dec 25, 2012
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now, this looming fiscal cliff a week away. they need to pull out the big guns and do everything they poibly can to lure shoppers into their stores. we are seeing prices slashed 50%. here at the galleria, they may have seen record number of shoppers. shopper track which takes a look at traffic, they have actually changed their forecast from 3.3 down to 2.5%. we will have to wait and see if this had an effect at all on their bottom line. melissa: it will be interesting to see how the bottom numbers comment. i would not want to go to a mall today. thanks a lot, lauren. there is still time to go to amazon and buy my book. i will shamelessly plug my book right here. go online. it is not too late. amazon and barnes & noble, they both have it. okay. that was shameless. i want santa to come save our economy. early reports are disappointing. can santa help us out for back joining us and a economist from the university of maryland. what you think of the holiday shopping season so far? >> we came into the holiday season with guarded expe
now, this looming fiscal cliff a week away. they need to pull out the big guns and do everything they poibly can to lure shoppers into their stores. we are seeing prices slashed 50%. here at the galleria, they may have seen record number of shoppers. shopper track which takes a look at traffic, they have actually changed their forecast from 3.3 down to 2.5%. we will have to wait and see if this had an effect at all on their bottom line. melissa: it will be interesting to see how the bottom...
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Nov 27, 2012
11/12
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now a hike in the national gas tax could be part of the fin al compromise to avoid the fiscal cliff. can you believe it? republican senator james improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one gun store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on president obama to approve the new route. ceo of transcanada is here for a fox business exclusive. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. stocks bit it for the second straight day senate majority leader harry reid indicated that little progress has been made in recent fiscal cliff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnin
now a hike in the national gas tax could be part of the fin al compromise to avoid the fiscal cliff. can you believe it? republican senator james improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one gun store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on...
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concerns about the fiscal cliff still lingering but better than expected consumer sentiment gave a little optimism to investors. the dow closed up four points. groupon's shares nosedived more than 30% today. the daily deal site reported disappoint earnings on both of top and bottom line. the stock is down more than 86% from its $20 a share ipo price. >>> shares of kayak soared close to 28%. priceline.com announced it will acquire the on line travel site for $1.8 billion. it is their lucky day. >>> let the rationing begin. new york city and long island now imposing alternate day gas rationing, are you kidding me? 11 days after the storm slammed the east coast, giant gas lines continue to plague the region. new york city mayor bloomberg said just this morning only a quarter of the city's gas stations are even open at this point. adam shapiro joins me from a hess station in manhattan. adam, i can not believe we still have this problem. >> yeah, believe it. take a look. i want to show you something live. we'll pan over to the line of cars that have gotten into queue to get gasoline. emergency
concerns about the fiscal cliff still lingering but better than expected consumer sentiment gave a little optimism to investors. the dow closed up four points. groupon's shares nosedived more than 30% today. the daily deal site reported disappoint earnings on both of top and bottom line. the stock is down more than 86% from its $20 a share ipo price. >>> shares of kayak soared close to 28%. priceline.com announced it will acquire the on line travel site for $1.8 billion. it is their...
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Nov 30, 2012
11/12
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surrounding the fiscal cliff. this is a mess created by congress. we are asking the same people to clean up this mess and all the others that we keep creating. you know the numbers. congress is spending a trillion dollars more each year than with the treasury brings in. the tax the rich idea brings in about $100 billion. that leaves us still at about 900 billion short of revenues. then what? welcome this past week i saw three balloons. one was to reduce or eliminate the mortgage deduction. another was deductions for attorneys, and the third was to figure out some way to get attacks on your 401k. i bet you that the fuel tax deduction, but that goes away as well. meaning that your take-home pay in january will be less. don't be shocked. do you think they would stop winl
surrounding the fiscal cliff. this is a mess created by congress. we are asking the same people to clean up this mess and all the others that we keep creating. you know the numbers. congress is spending a trillion dollars more each year than with the treasury brings in. the tax the rich idea brings in about $100 billion. that leaves us still at about 900 billion short of revenues. then what? welcome this past week i saw three balloons. one was to reduce or eliminate the mortgage deduction....
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Aug 29, 2012
08/12
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fiscal cliff is $440 billion in higher taxes. $200 billion in spending cuts. raise taxes by $440 billion, i guaranty the economy will go into recession. i think we're starting to see effects of fiscal cliff already and magnify through the fall. if you're a dividend investor see marginal tax rate go from 15 to 45%, that has to scare investors. that will hurt market performance. it will have feedbacks on the business community. growing at one 1/2, 1%, anything that goes wrong is really a danger. adam: so help me just figure all of this out because sometimes my eyes glaze over. fiscal cliff versus the $8 billion missed projection from cbo, these are totally two separate issues we're discussing? >> yeah. the $8 billion issue is what is the starting point for spending by the congress in the next year? the fiscal cliff is, if congress and the administration don't do their job, and avoid a massive tax hike, and avoid a punitive across the board cut in defense spending, what will happen to the economy? there is no reason why the latter should happen. right now, it is
fiscal cliff is $440 billion in higher taxes. $200 billion in spending cuts. raise taxes by $440 billion, i guaranty the economy will go into recession. i think we're starting to see effects of fiscal cliff already and magnify through the fall. if you're a dividend investor see marginal tax rate go from 15 to 45%, that has to scare investors. that will hurt market performance. it will have feedbacks on the business community. growing at one 1/2, 1%, anything that goes wrong is really a danger....
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Nov 14, 2012
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will this doubling down derail a deal on the fiscal cliff? >> plus a salary that is as good as gold. one montana lawmaker is demanding to get paid in gold coins. he is here to explain why in a fox business exclusive. >>> screw market prices. one gas station charges $3 more. $3 more per gallon than his nearby competitors. and it is is making a killing. the strategy is far more widespread than you might think. we have details on that coming up. even when they say it's not, it is always about money. melissa: all right. first the day's market headlines. a bad day for stocks just keeps getting worse. a news conference by president obama only amplified fears about the fiscal cliff and down to a 4-month low down 185 points. banks of america led the slide, closing down more than 3 1/2%. one bright spot, cisco shares surged 5% on an earnings beat. >>> now to our top story, president obama may be a betting man because he is trying to double down on how much tax revenue will be raised as part of the fiscal cliff deal. after meeting with business leaders
will this doubling down derail a deal on the fiscal cliff? >> plus a salary that is as good as gold. one montana lawmaker is demanding to get paid in gold coins. he is here to explain why in a fox business exclusive. >>> screw market prices. one gas station charges $3 more. $3 more per gallon than his nearby competitors. and it is is making a killing. the strategy is far more widespread than you might think. we have details on that coming up. even when they say it's not, it is...
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Nov 21, 2012
11/12
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plus it has the pow i and the fiscal cliff negotiations? looks like old sites may be stopping as they prepare their version of the deal. we will find off the top republican with the final outcome but look like. more money coming up. from maine to maui, thousands of high school students across the country are getting in on the action by volunteering in their community. it's great, helping others, and it feels good, too. are you in? whoa! anyone can do it. all it takes is a little time. are you in? chris young: action teams of high school students are joining volunteers of america and major league baseball players to heltrain and inspire the next generation of volunteers. it's easy to start an action teamt your school soso you, too, can get in on the action. melissa: potential fraud rocking wall street. hewlett-packard acquires a company for more than $10 billion. now hp says the exact cook the books to get the deal donn. adam shapiro has been covering the story all day and it's you with the details. we also have former u.s. attorney and fede
plus it has the pow i and the fiscal cliff negotiations? looks like old sites may be stopping as they prepare their version of the deal. we will find off the top republican with the final outcome but look like. more money coming up. from maine to maui, thousands of high school students across the country are getting in on the action by volunteering in their community. it's great, helping others, and it feels good, too. are you in? whoa! anyone can do it. all it takes is a little time. are you...
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Nov 22, 2012
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fixing the fiscal cliff fiasco. here we have it under control. if no one else is going to step up with a solution, we will get it started with our own answers about where to start with spending cuts. joining me to go through the ideas is our chief economist. brian, thank you for coming back on the show. >> thank you for having made. melissa: i am so sick of people coming on and saying what the other guy is going to give and not have a solution and i said, you know what, let's roll up our sleeves and get to work and come up with some solutions. we are talking about raising taxes and we haven't really drill down on the possible spending cuts out there. for example, senator coburn showing $67.9 million. it can be saved over the next 10 years by cutting nondefense spending. among those things. it was a huge report, more than 400 pages filled with all kinds of stuff. some examples were a smart phone half that alerts users when to take their coffee break. i feel like we are things we could be cutting. what do you think? >> the federal government is spe
fixing the fiscal cliff fiasco. here we have it under control. if no one else is going to step up with a solution, we will get it started with our own answers about where to start with spending cuts. joining me to go through the ideas is our chief economist. brian, thank you for coming back on the show. >> thank you for having made. melissa: i am so sick of people coming on and saying what the other guy is going to give and not have a solution and i said, you know what, let's roll up our...
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Dec 26, 2012
12/12
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fiscal cliff and everything else we're trying to face. so i think it is important we all continue to advocate we share what issues matter to our people and that we're part of that. melissa: but, jim, you know, he got punished for speaking out and he is still facing a really tough economic climate. it seems you can't win for losing. should you just keep your mouth shut at this point? >> no, i don't ever think that it's wise to keep your mouth shut because i think truth is a defense and it's unfortunate if in fact the case he has been punished either by the consumer or investors for that matter for speaking out personally or politically but here's the reality of the battlefield. noing's changed post-election. as opposed to pre-election. the uncertainty of the tax situation, the fiscal cliff that everyone is tired of hearing about, frankly. the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all bu
fiscal cliff and everything else we're trying to face. so i think it is important we all continue to advocate we share what issues matter to our people and that we're part of that. melissa: but, jim, you know, he got punished for speaking out and he is still facing a really tough economic climate. it seems you can't win for losing. should you just keep your mouth shut at this point? >> no, i don't ever think that it's wise to keep your mouth shut because i think truth is a defense and...
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Dec 19, 2012
12/12
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i do believe that the fiscal cliff is something we should not go over. i think both sides have given in public and i think that's a major step in the right direction. before this, before this week, we saw no give on the either side. now i think we're seeing a closing of priorities and so i'm fairly optimistic. melissa: you know it is a roller coaster ride for the rest of us though. we're sitting here watching. we think things are getting closer to being done. speaker boehner comes out this afternoon. they shake hands and look like buddies president and speaker boehner. boehner comes out this afternoon, gives a 45 second pros conference. catch us all off-guard. he looked annoyed, angry, agitated by everything going on and look wait, it is falling apart? >> well, i think they are talking and i think, you know, both of them have been very out front with their positions. ann while i think, it is hard to tell and with just the two of them at the table i think that they are talking and i think they are coming closer together. and i think america very much want
i do believe that the fiscal cliff is something we should not go over. i think both sides have given in public and i think that's a major step in the right direction. before this, before this week, we saw no give on the either side. now i think we're seeing a closing of priorities and so i'm fairly optimistic. melissa: you know it is a roller coaster ride for the rest of us though. we're sitting here watching. we think things are getting closer to being done. speaker boehner comes out this...
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the fiscal cliff. the capital-gains taxs. there is no compelling reason to buy over the next two to three months. let some of this pass, use your assets in other places. raise some cash. then you will be in a much better position to make yourself a lot of money once 2013 starts. melissa: the thing all of your ideas have in common this idea of hungering down and having this investment over a long period of time. why wouldn't you hunker down within the stock market? because you have to give president obama credit that, you know, whether it has been because of the fed and easy money or whhtever it has been the stock market has done well. would you buy some favorite stocks and just plan on holding them through the entire next four years? >> you know i have always been an advocate of buying stocks that pay high dividends but the dividend taxes going from 15% up to 40 and that take as huge wind out of the sails for that argument. so, you know the timing is everything. timing was good to buy stocks at the beginning of obama. now not
the fiscal cliff. the capital-gains taxs. there is no compelling reason to buy over the next two to three months. let some of this pass, use your assets in other places. raise some cash. then you will be in a much better position to make yourself a lot of money once 2013 starts. melissa: the thing all of your ideas have in common this idea of hungering down and having this investment over a long period of time. why wouldn't you hunker down within the stock market? because you have to give...